Financial Services, Investments, Lithuania

Consolidated net profit totalled to EUR 3.088 million (LTL 10.663 million), in the same period of 2013 it was EUR 31.433 million (LTL 108.532 million).

The net profit of Invalda LT, AB for the 12 months of 2014 amounted to EUR 19.319 million (LTL 66.703 million), in the same period (at the same period of 2013 it was EUR 23.456 million (LTL 80.990 million).

Invalda LT is one of the largest companies in Lithuania investing in other businesses and managing assets, continued changes in its structure and significantly strengthened the main asset management business during last year.

"We acquired MP Pension Funds Baltic, a specialized pension funds management company, and Lithuanian Finasta Asset Management in 2014. Latvian Finasta Asset Management has been acquired in the beginning of 2015. After these acquisitions we have 160 thousand clients and assets under management of EUR 275 million," Darius Sulnis, the president of Invalda LT, said.

According to him, Invalda LT seeks to become one of the leading asset management groups in the region, tailoring custom solutions for the investment needs of its clients. Investments into main asset management business at the end of 2014 amounted to EUR 5.8 million (LTL 20.0 million).